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Chinese Dry Bulk Imports in September

Coal, Grain, Iron Ore

Lifted by a monthly record of 102.8 Mt in September, China imported 277.7 Mt of iron ore in the 3q17, up by 8.6 Mt year-on-year and an all-time high, customs data show. At 817.2 Mt, Chinese iron ore imports in January-September were up by 54.3 Mt on the same period last year as the steel industry responded to robust domestic prices by lifting output.

Meanwhile, the country’s coal imports rose on an annual basis for the first time since May in September, climbing 2.6 Mt year-on-year to a 21-month high of 27.1 Mt. However, despite weaker shipments in recent months, imports in January-September were up by 24.8 Mt at 205.1 Mt.

By contrast, Chinese soyabean imports fell further in September however, at 8.1 Mt, imports were still up by 0.9 Mt year-on-year with January-September shipments 10.4 Mt above the year-ago level at 71.5 Mt.